HashKey shows mixed grey-market performance

HashKey, Hong Kong’s largest licensed cryptocurrency exchange, showed mixed performance across grey markets ahead of its trading debut on Wednesday.

Shares slipped as much as 2.4 percent and 4.5 percent on Phillip Securities’ and Bright Smart’s grey markets, respectively, translating into paper losses of HK$64 to HK$120 per board lot. In contrast, the stock gained 1.2 percent on Futu’s grey market, offering a paper profit of HK$32 per lot.

HashKey plans to issue 240 million shares at an offer price range of HK$5.95 to HK$6.95 each, seeking to raise up to HK$1.67 billion. Each board lot comprises 400 shares, with a minimum investment of HK$2,808.